Gastone Inc. has estimated the following forecasted sales for a 3-month period:

Month	Estimated sales $
August	33,000
September	29,000
October	30,000

On average, 60% of sales are collected in the month of sale, 39% in the following month, and the remaining 1% is never collected.

Determine the budgeted cash receipts for October?

Question 10 options:

	$30,270
	$29,310
	$29,000
	$31,110

Question 11 (2.5 points)

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Polar Fans has prepared all the necessary budgets and is attempting to prepare their forecasted income statement. The budgeted total manufacturing cost is $600,000, the budgeted beginning and ending WIP balances are $120,000 and $170,000 respectively, the budgeted costs of goods manufactured is $550,000, and the budgeted beginning and ending FG inventories are $60,000 and $78,000 respectively.

Determine the budgeted cost of goods sold for Polar Fans?

Question 11 options:

	$482,000
	$532,000
	$568,000
	$500,000